Tech Company Financing Transactions
Viridos Funding Round
Breakthrough Energy Ventures, Chevron New Energies and United Airlines Ventures joined a $25 million Series A venture round for Viridos. The round closed on 3/13/2023.
Transaction Overview
Company Name
Announced On
3/13/2023
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to further increase algae oil productivity to reach commercially deployable levels.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
11149 North Torrey Pines Rd
La Jolla, CA 92037
USA
La Jolla, CA 92037
USA
Phone
Undisclosed
Website
Email Address
Overview
Viridos works with microalgae to decarbonize entire industries and create products that are in harmony with nature and will provide the solutions needed for a greener and more prosperous future. We are building a scalable platform for low-carbon intensity biofuels, which can reduce greenhouse gas emissions from aviation, commercial trucking, and maritime shipping?by nearly 70%. By establishing production sites to grow Viridos-engineered microalgae in saltwater, we are creating the foundation for a biofuel future that moves away from fossil fuels without competing for precious resources such as fresh water and arable land.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Oliver Fetzer
Chief Financial Officer
Doug Miller
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